Pricing Completed on 7th Series Offshore Unsecured Convertible Bonds
Original: 公告本公司第七次海外無擔保轉換公司債完成訂價
Summary
UMC has completed the pricing of its seventh series of offshore unsecured convertible bonds, marking a key milestone in a new overseas capital-markets transaction. The completion of pricing sets the conversion terms (price, coupon, and maturity), which directly affects potential dilution for existing shareholders. Full body available on MOPS.
Full Translation
Announcement that the company has completed pricing on its 7th offshore unsecured convertible bonds (海外無擔保轉換公司債). Offshore convertible bonds are issued in international capital markets (typically denominated in USD), are unsecured (no collateral pledged), and carry an embedded option allowing bondholders to convert into common shares at a pre-set conversion price. Completion of pricing means the key economic terms — coupon rate, conversion premium, issue price, and maturity — have been finalised with underwriters. Investors should monitor the conversion price relative to the prevailing market price, the aggregate size of the offering (which determines maximum dilution), and the use-of-proceeds disclosure expected in the full announcement. [Body not available — subject line only. See MOPS for full announcement.]